Bloomberg The funding needs of governments in sub-Saharan Africa could rise by $75 billion as the coronavirus pandemic hammers their economies, according to Goldman Sachs Group Inc. If measures such as tax cuts that some governments, including Kenya’s, have already announced are included, the financing gap might end up being higher, they said. A combination of lockdowns to contain the ...

Bloomberg As banks elsewhere scrap or defer dividend payments, investors in Malaysian lenders can still expect their usual cash rewards. Malayan Banking Bhd., the biggest lender by market value, plans to keep its payout ratio of as much as 60% its profit after tax and minority interests, on top of paying a 2019 interim dividend on May 6, its spokesperson ...

Bloomberg The Bank of Japan (BOJ) cut its assessment of all the country’s regional economies in response to the damage caused to production, consumption and corporate finances by the coronavirus, with new emergency restrictions set to add to the pain. The central bank’s move to lower its views on all nine regions was the first since the global financial crisis, ...